Yaz Sheikh, Publisher at CoinCodex
Yaz is a cryptocurrency technical analyst with over seven years of technical analysis trading experience. As an Economics graduate, he has taken a keen interest in the future potential of blockchain in the financial industry. Removing crypto from the equation, Yaz loves to watch his favorite football team and keep up-to-date with the latest fights within the UFC.
Yaz Sheikh Latest Articles
Bitcoin has been on a rollercoaster trading period this 24-hours after the cryptocurrency dropped by a steep 16% yesterday from a high of $33,350 to a low of $28,800. By the end of the day, the bulls had regrouped and pushed BTC back above $30,000 to close the daily candle above $31,000.
Dogecoin is down by a steep 20% today as the cryptocurrency fell beneath the 200-day MA at $0.20 to reach as low as $0.164, where it found support at a .786 Fib Retracement level. Dogecoin had failed to break resistance around $0.45 at the start of June and has been in a constant downtrend ever since.
Bitcoin dropped by a sharp 5% today as the cryptocurrency fell beneath the weekend support at $35,000 and tanked all the way down to the $32,100 level. It has since recovered slightly above $32,700, but the bearish momentum is likely to push it lower over the coming days.
Earlier today, we covered the top coins to watch for this week. The list includes Ethereum, Binance Coin, and Celer Network. In this article, we'll be covering these three coins from a technical analysis perspective to help identify some of the support and resistance levels that might prove important in the coming days.
FTM is up by a strong 9% today, allowing the cryptocurrency to break past $0.3 and hit $0.328 today. The cryptocurrency is now up by a total of 17.5% over the week as it currently tests the upper boundary of the falling wedge pattern that it currently trades within.
Ethereum is up by a total of 5.5% over the past 24 hours of trading as it breaks back above $2,600 today. The cryptocurrency has been trading inside a symmetrical triangle pattern since the mid-May market capitulation and recently found support at the lower boundary of the triangle.
Bitcoin has started to see some optimism today after surging by over 11% and setting a new high for June above $39,800. The cryptocurrency saw an interesting trading week after rebounding from support at $33,200 (long term .886 Fib Retracement) and surging into resistance around $37,000.
Today, we released the top altcoins to watch for the week. These included Kusama (KSM), Metal (MTL), and Rari Governance Token (RGT).
DOT is up by a strong 8.2% today as the coin continues to trade inside its period of consolidation in a symmetrical triangle. A break above $25 would indicate a bullish breakout of this consolidation and is likely to kickstart a bull run back toward the May highs again.
Bitcoin is up by a strong 7% over the past 24 hours of trading as the cryptocurrency reverses and heads toward the $37,000 level. Earlier in the week, BTC had dropped beneath a symmetrical triangle pattern that it had been trading within over the previous 20-days.